Apple slashes trade-in values for many of its products

Even if you don't care about Nvidia's accomplishments in gaming, they basically invented the GPGPU, AI, and deep learning markets. Nvidia is largely responsible for the adoption of GPU accelerators for HPC applications. Even the companies building their own custom hardware for AI started off working with GPUs first.

nVidia's clearly the market leader in the GPU and HPC accelerator space, but let's not get ahead of ourselves. The first GPGPU applications were written by ATI/AMD with Pandegroup at Stanford; the first GPGPU API's were also AMD's.

nVidia certainly paved the trail and fitted it with carpool lanes, but it was a trail AMD/ATI blazed.

The idea that Apple's AirPod business is worth more than Nvidia or AMD only shows how poorly defined our economic concept of "worth" is.

Since AMD re-entered the CPU market with Ryzen, .....

Even if you don't care about Nvidia's accomplishments in gaming, ..... .

You are confused about the meaning of the word "worth" in this context.

The definition of "worth" that applies here is "monetary value" not "moral or personal value" or "the value of something measured by its qualities or by the esteem in which it is held."

It has nothing to do with ethics, morals, contributions to society, the evils of capitalism, or the Spanish Inquisition. In this context, worth is a term that means monetary value without any other kind of value judgments.

"Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber."

I can't think of a worse fashion statement outside of a MAGA hat.

Apple killed Blackberry, my precious, and now we hates them forever !!

For example, Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber.

What do other people think about AirPods?

Is it just me, or does it seem rude that people are interacting with others WHILE WEARING HEADPHONES? No one takes them out of their ears as they talk with store staff, waiters, librarians, etc. Even though my Sennheiser PXC 450 headphones have a button to disable noise canceling and allow me to hear when people are talking to me, I still take them off when others are conversing with me.

For example, Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber.

What do other people think about AirPods?

Is it just me, or does it seem rude that people are interacting with others WHILE WEARING HEADPHONES? No one takes them out of their ears as they talk with store staff, waiters, librarians, etc. Even though my Sennheiser PXC 450 headphones have a button to disable noise canceling and allow me to hear when people are talking to me, I still take them off when others are conversing with me.

I pull up my welding mask to talk to people when I’m working but if I’m just wearing goggles I don’t. Same concept.

This reflects the declining value of the Apple brand. Time to sell your shares, boys.

I know don't feed he trolls but you do know that AAPL was up over 100% in the last year and over 200% since their last split right?

I don't disagree with that but what it says to me is that we are heading for a financial crisis because traders are shovelling money into "safe" shares.Remember how in 2007 they were shovelling money into "safe" mortgages? And what happened next?The point is that the value of Apple may have increased but it certainly hasn't doubled. Bubble? That's how you get one.

The idea that Apple's AirPod business is worth more than Nvidia or AMD only shows how poorly defined our economic concept of "worth" is.

Since AMD re-entered the CPU market with Ryzen, .....

Even if you don't care about Nvidia's accomplishments in gaming, ..... .

You are confused about the meaning of the word "worth" in this context.

The definition of "worth" that applies here is "monetary value" not "moral or personal value" or "the value of something measured by its qualities or by the esteem in which it is held."

It has nothing to do with ethics, morals, contributions to society, the evils of capitalism, or the Spanish Inquisition. In this context, worth is a term that means monetary value without any other kind of value judgments.

And you are confused between the meaning of "worth" and "price".

No company is actually "worth" its market cap because market cap is a bogus statistic - share price * number of shares. But shares are volatile and their price is dramatically affected by buying and selling. They are not like genuine commodities that are bought and sold every day, like wheat, where the price fluctuations are relatively slow..

The only meaningful measure would be to see what happened if, say, someone were to try and sell 10% of a company's stock, and see how elastic the demand was. With high priced stocks, for some reason,people don't like doing that.

Edit - seriously? Apple fanboys or people who gave up economics because it was just too difficult? Did somebody pee on your tulips?

This reflects the declining value of the Apple brand. Time to sell your shares, boys.

I know don't feed he trolls but you do know that AAPL was up over 100% in the last year and over 200% since their last split right?

Apple has been dying now for over 35 years it seems. Seriously, I’ve heard this “decline” for literally decades now. Sure, they were sooooo close to blinking out forever right before they bought NeXT and brought Jobs back, they’re still here and now...well, now they’re flirting with a trillion dollar valuation (though, I guess to goal-post movers that doesn’t mean anything).

"Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber."

For example, Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber.

What do other people think about AirPods?

Is it just me, or does it seem rude that people are interacting with others WHILE WEARING HEADPHONES? No one takes them out of their ears as they talk with store staff, waiters, librarians, etc. Even though my Sennheiser PXC 450 headphones have a button to disable noise canceling and allow me to hear when people are talking to me, I still take them off when others are conversing with me.

That's very appreciated.

I am using earing instruments (for medical reasons), these are nearly invisible therefore it is often bizarre to some people that I have to reach to my phone if I need to first stop the music streaming when I want to speak with them. Taking a phone call from my ears without people seeing the instruments is also considered "suspect" (like this guy is crazy and speaking alone in the street).

I sent in an old Apple watch and it suddenly broke once it reached their trade-in center and won't boot anymore, so now it's worth $0.

Anyone within vicinity of an Apple store should strongly consider doing it in-store, instead of sending it off to the third party company that handles the trade-ins (Phobio).

Not only will the valuation be instant, also consider that the primary goal of the Apple employees who will vet the condition of the trade is to sell new devices, not closely scrutinize the old ones, especially if they're pressed for time at a busy store.

As long as it's not in horrible condition, chances are better that you'll receive full value. And if you don't agree their assessment, you can instantly void the trade.

Phobio will also return your device if you choose not to accept their offer, but given the uncertainty, and time/hassle of the mail-in process, one option is clearly more favorable than the other.

This reflects the declining value of the Apple brand. Time to sell your shares, boys.

I know don't feed he trolls but you do know that AAPL was up over 100% in the last year and over 200% since their last split right?

Apple has been dying now for over 35 years it seems. Seriously, I’ve heard this “decline” for literally decades now. Sure, they were sooooo close to blinking out forever right before they bought NeXT and brought Jobs back, they’re still here and now...well, now they’re flirting with a trillion dollar valuation (though, I guess to goal-post movers that doesn’t mean anything).

About that trillion Dollar valuation. Out of all companies doing it, no one comes close to Apple in share repurchases. It’s almost shocking in scale just how much they’ve spent.

For example, Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber.

What do other people think about AirPods?

Is it just me, or does it seem rude that people are interacting with others WHILE WEARING HEADPHONES? No one takes them out of their ears as they talk with store staff, waiters, librarians, etc. Even though my Sennheiser PXC 450 headphones have a button to disable noise canceling and allow me to hear when people are talking to me, I still take them off when others are conversing with me.

I pull up my welding mask to talk to people when I’m working but if I’m just wearing goggles I don’t. Same concept.

This reflects the declining value of the Apple brand. Time to sell your shares, boys.

I know don't feed he trolls but you do know that AAPL was up over 100% in the last year and over 200% since their last split right?

Apple has been dying now for over 35 years it seems. Seriously, I’ve heard this “decline” for literally decades now. Sure, they were sooooo close to blinking out forever right before they bought NeXT and brought Jobs back, they’re still here and now...well, now they’re flirting with a trillion dollar valuation (though, I guess to goal-post movers that doesn’t mean anything).

About that trillion Dollar valuation. Out of all companies doing it, no one comes close to Apple in share repurchases. It’s almost shocking in scale just how profitable Apple is.

For example, Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber.

What do other people think about AirPods?

Is it just me, or does it seem rude that people are interacting with others WHILE WEARING HEADPHONES? No one takes them out of their ears as they talk with store staff, waiters, librarians, etc. Even though my Sennheiser PXC 450 headphones have a button to disable noise canceling and allow me to hear when people are talking to me, I still take them off when others are conversing with me.

Apple is so scummy. I wait patiently for the day they go bankrupt. Apple is tied with ATT for the worst, most unethical company on the planet! Their commercial about data belonging to you while they sell your data is comedy gold!

So like am I missing something or could this headline just be “Apple now giving less money for increasingly-older devices because that’s how the market works”

Indeed.

This whole article seems surprised about the fact that the older phones are worth less. While in fact this is happening for the the sixth year in a row since Apple started doing iPhone trade-ins in 2013.

Furthermore most of these phones are still sold by Apple as new. And the price you pay for an unused old phone also goes down every year.

Also these trade-in programs tend to be picky about condition. We tried to trade in a working, unlocked 6S with some dings and chips (as a 4 year old phone does), so Apple’s willing to pay $0.

Just being a working, usable, supported iPhone fetches more than that on Craigslist.

It’s like how KBB will price a 15 year old car in prestine shape, even though no such thing exists.

This shows that Apple's trade-in program has changed over the past decade. In 2011, I used their trade-in program for an iPod Touch -- the device was totally destroyed, all I had to give them was the back of the case. I still got $50 for it off a new device.

I have never used Apple's trade-in program. I've always done much better on swappa.com. That said, iPhone resale values, traditionally pretty strong, have declined in the last couple of years.

I would tend to agree. I sold my two-year-old iPhone 6 for more than $400 when the 7 came out. And it was only the middle capacity version. An good condition iPhone 8 sells for about $350 on Swappa now.

The idea that Apple's AirPod business is worth more than Nvidia or AMD only shows how poorly defined our economic concept of "worth" is.

Since AMD re-entered the CPU market with Ryzen, .....

Even if you don't care about Nvidia's accomplishments in gaming, ..... .

You are confused about the meaning of the word "worth" in this context.

The definition of "worth" that applies here is "monetary value" not "moral or personal value" or "the value of something measured by its qualities or by the esteem in which it is held."

It has nothing to do with ethics, morals, contributions to society, the evils of capitalism, or the Spanish Inquisition. In this context, worth is a term that means monetary value without any other kind of value judgments.

And you are confused between the meaning of "worth" and "price".

No company is actually "worth" its market cap because market cap is a bogus statistic - share price * number of shares. But shares are volatile and their price is dramatically affected by buying and selling. They are not like genuine commodities that are bought and sold every day, like wheat, where the price fluctuations are relatively slow..

The only meaningful measure would be to see what happened if, say, someone were to try and sell 10% of a company's stock, and see how elastic the demand was. With high priced stocks, for some reason,people don't like doing that.

Edit - seriously? Apple fanboys or people who gave up economics because it was just too difficult? Did somebody pee on your tulips?

"Apple sold $6 billion worth of AirPods in 2019, according to market researchers, and a recent report estimated that the AirPods business alone is worth more than Nvidia, Adobe, or AMD individually, and only slightly less than all of Uber."

It’s like how KBB will price a 15 year old car in prestine shape, even though no such thing exists.

KBB isn’t crazy. My dad had a Honda Civic that he only drove on rainy days in California. He had less than 10k miles after over 10 years and he was amused by the resale value given the [at the time] exploding mod scene for Civics in the Bay Area. heck, it still smelled new sometimes.

This reflects the declining value of the Apple brand. Time to sell your shares, boys.

I know don't feed he trolls but you do know that AAPL was up over 100% in the last year and over 200% since their last split right?

It's a real problem. The taxes on AAPL capital gains are more then the value of most of my cars, so I need to slowly sell off a little to rebalance. The stock is overvalued now.

The growth is not repeatable from here. Cell phones are the number one technology purchase for most people, and they'll keep buying them. So its a healthy business, but the growth rate is slowed and the big move is behind us.